The US greenback continues to commerce robust and regular nicely into the previous couple of days of this 12 months, supported by latest construct
The US greenback continues to commerce robust and regular nicely into the previous couple of days of this 12 months, supported by latest constructive financial information releases revealing development within the US economic system. On the time of writing, the US greenback index DXY is buying and selling at round 97.68.
Up to now this 12 months, the US greenback has gained round 1.6% over its attraction as a protected haven forex throughout instances of heightened uncertainty in markets pushed by the continued US-China commerce struggle and the slowdown in world financial development. As well as, the US economic system continued to increase into 2019 regardless of commerce tensions, lending additional energy to the dollar.
The US dollar has been trading strong over the past few days after the US and China introduced their determination to signal the section one commerce deal shortly. As trade tensions recede, markets are extensively anticipating the US economic system to develop at a quicker tempo, whereas the Fed has signaled its determination to pause charge cuts for a while. Each these components have helped help the bullishness within the greenback lately.